Business & Markets

Mountain Valley Pipeline Wins Federal Approval for Stream Boring

Federal regulators approved MVP's permit request to bore under about 180 streams and wetlands it must cross to complete the 300-mile natural gas pipeline.

Shell, Uniper Partner on UK Low-Carbon Hydrogen Facility

The project will include a blue hydrogen production facility with a capacity of up to 720 megawatts using gas reformation technology with carbon capture and storage.

Dow to Buy Minority Stake in German Energy Hub Constructing LNG Terminal

The investment in Hanseatic Energy Hub GmbH comes after the Biden administration pledged the supply of 15 Bcm of LNG to the European Union this year following Russia's invasion of Ukraine.

Warburg Pincus Uses Price Volatility to Place RimRock Oil & Gas Up For Sale

Warburg Pincus is taking advantage of the upswing in commodity prices to offload Bakken gas producer RimRock Oil & Gas, its second attempt to sell the company in just over a year.

TotalEnergies to Hike LNG Production in US with Cameron Expansion

French energy major TotalEnergies SE said it would step up its LNG activities in the U.S. by expanding production at the Cameron site in Louisiana.

OGE Plans Pipeline Link for Wilhelmshaven LNG Terminal

Germany's biggest pipeline network operator Open Grid Europe (OGE) plans to build a 30 km (18 miles) LNG link from a planned terminal at the North Sea port of Wilhelmshaven by the end of the year.

Bolivia Gas Deal to Save $769 Million, Replace LNG Imports

Argentina's new deal with Bolivia to up natural gas imports will bring savings of $769 million in foreign-exchange reserves and replace 14 vessels of increasingly expensive LNG.

US Natgas on Track to Close at 2008 High Again on Soaring LNG Demand

U.S. natural gas futures rose about 1% on Friday, putting the front-month on track to close at its highest since December 2008.

Spain to Open Idle Liquid Gas Facility as European Storage Base

Spain plans to open a never-before-used LNG plant on its northern coast and dedicate it to receiving and re-exporting fuel to other European countries struggling to break their dependence on gas piped from Russia.

USD Partners Completes Acquisition of Hardisty South Terminal Assets

The combined Hardisty Terminal has the designed takeaway capacity of three and one-half unit trains per day, or approximately 262,500 barrels per day.

Argentina Seeks Bolivia Gas Boost as LNG Costs Soar — Sources

The South American country is looking for alternative gas supplies after being hit hard by rising LNG costs linked to the war in Ukraine, which threaten to leave it mired a deep energy trade deficit this year.

NextDecade Enters 20-Year LNG Sales Deal with ENN

NextDecade and China's ENN LNG have signed a 20-year sale and purchase agreement for the supply of LNG from NextDecade’s Rio Grande LNG export project in Brownsville, Texas.

EPIC Crude Delivers Record Volumes from Permian Basin, Eagle Ford

Formed in 2017, the company built and operates a 700-mile crude oil pipeline that extends from Orla, Texas, to the port of Corpus Christi, servicing the Delaware, Midland and Eagle Ford basins

Nigeria Urges Partners to Relax Rules for Gas Suppliers to Boost LNG Exports

Nigeria is urging its multinational oil partners to allow third-party suppliers to sell gas to produce LNG at market rates to boost exports in a bid to tap demand in Europe.

ClassNK Approves J-DeEP’s Design for Floating Hydrogen Production Plant Offshore Scotland

ClassNK, a Tokyo-based ship classification society, issued an Approval in Principle (AiP) for the design of a floating offshore hydrogen production plant developed by Japan Offshore Design & Engineering Platform Technology & Engineering Research Association (J-DeEP).

BP Completes $723 Million Acquisition of US Pipelines Partnership BP Midstream Partners

British oil major BP, its affiliates, and BP Midstream Partners (BPMP) announced Tuesday that a BP U.S. affiliate has completed the previously announced acquisition of all outstanding common units of BPMP.

Venture Global to Buy Gas from NextEra for Louisiana Plaquemines LNG

U.S. LNG company Venture Global LNG has agreed to buy natural gas for its Plaquemines LNG export plant in Louisiana, expected to start up in 2024, from a unit of U.S. energy company NextEra Energy Inc.

Exxon Mobil Suspends Russian Far East LNG Project

Exxon Mobil has suspended its LNG project in Russia's Far East, Interfax news agency quoted a Russian governor as saying on Monday, after the firm announced plans to quit the country following Western sanctions.

Sempra Energy Enters Agreement for Cameron LNG Phase 2

Sempra Energy said its LNG unit has entered into an agreement with affiliates of TotalEnergies, Mitsui & Co., and Japan LNG Investment LLC to increase the capacity of its Cameron LNG Phase 2 export project in Hackberry, Louisiana.

Europe's Appetite for US Gas Fast-Tracks Two New LNG Projects

Two U.S. LNG projects took major steps toward launching this week as Russia's threats to cut energy supplies to Europe drives up demand and prices for the super-chilled fuel.

Alberta Picks Six Proposals to Develop Canada's First Carbon Storage Hubs

Canada's main oil-producing province Alberta has selected six proposals to move forward with developing Canada's first carbon storage hubs, intended to help cut climate-warming emissions by permanently sequestering them underground.

Natural Gas Critical to Future Energy Mix Amid Renewable Push, INGAA CEO Says

Natural gas and related infrastructure will be critical to securing a low-carbon economy and will continue to be a significant contributor to the U.S. long-term energy mix, according to the Interstate Natural Gas Association of America’s (INGAA) President and CEO Amy Andryszak.

Baker Hughes to Provide Hydrogen-Ready Compressor Upgrade for Greece Pipeline

Baker Hughes has been awarded a contract to supply gas turbines and compressors that can run on a blend of natural gas and hydrogen for a new compression station of the Greek Natural Gas Transmission System.

New Fortress Seeks to Build Offshore Louisiana LNG Plant by Q1 2023

The LNG export project will be located in federal waters offshore Louisiana and will be able to export about 2.8 MTPA of LNG, or almost 0.4 Bcf/d of gas using its "Fast LNG" technology.

TotalEnergies, Sempra to Co-Develop LNG and Renewable Projects

TotalEnergies and Sempra are expanding their North American strategic alliance with the signing of two deals for the Vista Pacífico LNG export project in Mexico and the the co-development of several renewables projects.

Canadian 2021 Crude Imports Slid to Lowest Since 1988, Says CER

Crude oil imports into Canada in 2021 dropped to their lowest in more than three decades as domestic supply from pipelines increased while a major refinery in Newfoundland remained idle, the Canada Energy Regulator said .

US Natgas Rises 5% to Near 9-Week High on Soaring Global Prices

U.S. natural gas futures rose about 5% to a near-nine week high as worries about Russia's plan to price energy exports in rubles caused global energy prices to spike, keeping demand for U.S. LNG exports near record highs.

Greece Will Review Plans on Additional LNG Cargoes If Russian Gas Flows Stop

The Greek gas grid operator will review its plans on additional cargoes of LNG that Greece might need if Russia stops gas supplies to the country, the energy ministry said.

Chevron Launches its First Carbon Offset Project in Louisiana

The St. Charles Parish cypress reforestation project is expected to generate carbon offsets that could both help offset Chevron’s carbon emissions.

Gas Flows Via Yamal-Europe Pipeline Fall to Zero, Other Flows Steady

Physical gas flows through the Yamal-Europe pipeline at Germany's Mallnow point fell to zero on Tuesday, while Russian gas deliveries to Europe on the other two key pipeline routes were broadly steady.